At MetLife’s sixth annual benefits symposium in Washington this week, Treasury and Department of Labor officials discussed the difficulties of including annuities in 401(k)s. The two agencies have asked the public for comments through May 3 on including lifetime income solutions in employer plans.

“The translation from the [401(k)] account balance to income stream is something people aren’t good at,” said J. Mark Iwry, senior advisor to Treasury Secretary Timothy Geithner. But lifetime payouts are something people should consider, especially because they “are unrealistic about how long they’ll live.”

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